Question

Why are foreign exchange rates necessary in trade?

A. Rates help to balance imports and exports.

B. Rates help ensure cultural exchanges across borders.

C. Rates help to compare prices stated in foreign currency.

D. Rates help to compare the supply and demand of goods traded between countries.

Answer 1

Answer:

rates help ensure cultural exchanges across borders

I hope it helps you

Answer 2

Answer:

A. Rates help to balance imports and exports.

is the answer for this question i think